Start-Up Costs and Fees |
||
| Lord's & Lady's Hair Salons | Phenix Salon Suites | |
| Investment | 50000 - 175000 | 308130 - 1387420 |
| Franchise Fee | ||
| Royalty Fee | 6% | $0.30/sq. ft. |
| Advertising Fee | $0.06/sq. ft. | |
| Year Founded | 1975 | 2007 |
| Year Franchised | 1980 | 2010 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Lord's & Lady's Hair Salons | Phenix Salon Suites | |
| Experience | ||
Financing Options |
||
| Lord's & Lady's Hair Salons | Phenix Salon Suites | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Lord's & Lady's Hair Salons | Phenix Salon Suites | |
| Training | Boston, MA 2-5 Days | On-The-Job Training: 12 hours Classroom Training: 19 hours |
| Support | Central Data Processing Central Purchasing Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline | *Site Selection and lease negotiations *Upscale Design and Decor assistance *Assistance with Architects, Engineers and Contractors *Vendor assistance in all areas *Proven Marketing System to fill location with Salon Professionals & tenants *Turnkey business operation *Complete training *Ongoing unlimited support |
| Marketing | Ad Templates National Media Regional Advertising Social media Website development | |
| Operations | Average Number of Employees: 6 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged | Absentee ownership is allowed |
Expansion Plans |
||
| Lord's & Lady's Hair Salons | Phenix Salon Suites | |
| US Expansion | Connecticut, District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Lord's & Lady's Hair Salons | |
| Phenix Salon Suites | |
| Franchise Fee | |
| Lord's & Lady's Hair Salons | |
| Phenix Salon Suites | |
| Royalty Fee | |
| Lord's & Lady's Hair Salons | 6% |
| Phenix Salon Suites | $0.30/sq. ft. |
| Advertising Fee | |
| Lord's & Lady's Hair Salons | |
| Phenix Salon Suites | $0.06/sq. ft. |
| Year Founded | |
| Lord's & Lady's Hair Salons | 1975 |
| Phenix Salon Suites | 2007 |
| Year Franchised | |
| Lord's & Lady's Hair Salons | 1980 |
| Phenix Salon Suites | 2010 |
| Term Of Agreement | |
| Lord's & Lady's Hair Salons | 10 years +10 |
| Phenix Salon Suites | 7 years |
| Renewal Fee | |
| Lord's & Lady's Hair Salons | |
| Phenix Salon Suites | |
Business Experience Requirements |
|
| Experience | |
| Lord's & Lady's Hair Salons | |
| Phenix Salon Suites | |
Financing Options |
|
| Franchise Fees | |
| Lord's & Lady's Hair Salons | |
| Phenix Salon Suites | |
| Start-up Costs | |
| Lord's & Lady's Hair Salons | |
| Phenix Salon Suites | |
| Equipment | |
| Lord's & Lady's Hair Salons} | |
| Phenix Salon Suites | |
| Inventory | |
| Lord's & Lady's Hair Salons | |
| Phenix Salon Suites | |
| Receivables | |
| Lord's & Lady's Hair Salons | |
| Phenix Salon Suites | |
| Payroll | |
| Lord's & Lady's Hair Salons | |
| Phenix Salon Suites | |
Training & Support |
|
| Training | |
| Lord's & Lady's Hair Salons | Boston, MA 2-5 Days |
| Phenix Salon Suites | On-The-Job Training: 12 hours Classroom Training: 19 hours |
| Support | |
| Lord's & Lady's Hair Salons | Central Data Processing Central Purchasing Field Operation Evaluation Field Training Initial Store Opening Inventory Control Regional or National Meetings 800 Telephone Hotline |
| Phenix Salon Suites | *Site Selection and lease negotiations *Upscale Design and Decor assistance *Assistance with Architects, Engineers and Contractors *Vendor assistance in all areas *Proven Marketing System to fill location with Salon Professionals & tenants *Turnkey business operation *Complete training *Ongoing unlimited support |
| Marketing | |
| Lord's & Lady's Hair Salons | |
| Phenix Salon Suites | Ad Templates National Media Regional Advertising Social media Website development |
| Operations | |
| Lord's & Lady's Hair Salons | Average Number of Employees: 6 Full-time, 8 Part-time Passive Ownership: Allowed, But Discouraged |
| Phenix Salon Suites | Absentee ownership is allowed |
Expansion Plans |
|
| US Expansion | |
| Lord's & Lady's Hair Salons | Connecticut, District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont |
| Phenix Salon Suites | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Lord's & Lady's Hair Salons | |
| Phenix Salon Suites | |
| International Expansion | |
| Lord's & Lady's Hair Salons | |
| Phenix Salon Suites | |